Electric Two-Wheeler Sales Report March 2023

March 2023: Electric Two-Wheeler Sales Report

Electric Two-Wheeler Sales Report March 2023

The month of March has brought a notable rebound in the growth of electric vehicles, which is reflected in the sales figures of all sectors. While we’ve seen some new entrants make their mark on the top player’s list, unfortunately, we’ve also had to say goodbye to a few. In this report, we present the top ten players of electric two-wheelers as of March 2023, along with their sales figures and growth rates.

With a commendable sales figure of 83,860 electric two-wheelers sold in March 2023, compared to 65,623 electric two-wheelers in February 2023. Thus we observe a growth rate of 21.74%.

If we consider the sales of March 2022, then this number would be around 54,398, registering a year-on-year growth of 35%. It’s an encouraging sign to see the electric two-wheeler industry growing steadily.

Without further ado, let’s take a closer look at the top ten players who have made it to the top of the leaderboard. From market leaders to new entrants, these players have shown remarkable growth in the dynamic world of electric two-wheelers.

The best-selling company for electric scooters in March 2023

Electric ScooterSales In March 2023Sales In February 2023
OLA Elelctric27,000 units18,270 units
TVS Motors16,454 units10,378 units
ATHER ENERGY11,993 units9,187 units
Ampare VEHICLES8,844 units4,424 units
HERO ELECTRIC6,640 units6,457 units
OKINAWA4,201 units3,840 units
OKAYA EV1,720 units1,231 units
KINETIC GREEN1,591 units8,15 units

Unprecedented sale of Ola

OLA E-Scooters

Ola Electric recorded the highest sales ever in March 2023. The company surpassed sales of 27,000 electric scooters in March 2023. Speaking of that milestone, Bhavish Aggarwal, Founder, and CEO of Ola Electric said: “Fiscal Year 23 has been a breakthrough year for the electric vehicle industry in India. At Ola, we have remained steadfast in prioritizing scale, speed, and uncompromising quality standards, all of which have contributed to the company’s consistent leadership position in the marketplace. While last year made EVs mainstream, the next two years will bring the EV revolution to a human scale, and Ola will be at the forefront of this revolution to lead this paradigm shift.”

Other prominent players in the market

The other prominent player in the two-wheeler category was BGauss, Revolt, iVOOMi energy, Pure EV, and many others.

Last Words

While it is exciting to see the growth of electric two-wheelers, it is important to remember that there is still a long way to go before a fully sustainable transportation system is achieved. As individuals and as a society, we must continue to take steps toward reducing our carbon footprint and promoting sustainable practices.


Question: How many electric two-wheelers are sold?

Answer: More than 83,860 Electric Two-Wheelers were sold in March 2023.

Question: Which is the highest-selling EV 2-wheeler in India?

Answer: As per March 2023 report OLA Electric has the highest-selling EVs.

Question: Who are the market leaders in electric two-wheeler in India?

Answer: AS per the current situation OLA Electric, HERO Electric, TVS Motors, and Ather Vehicles leading the Electric Two-wheelers market.

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